Why is Z F Steering falling/rising?

As of 21-Aug, Z F Steering Gear (India) Ltd is experiencing a price increase, currently at Rs 1,073.80, reflecting a rise of Rs 24.8 or 2.36%. Today's price performance indicates that the stock outperformed its sector by 2.7%, reaching an intraday high of Rs 1,140, which is an 8.67% increase. However, despite this short-term gain, the stock has shown a significant decline over the past month, down 10.36%, and a year-to-date drop of 26.95%. The company has a low Debt to EBITDA ratio of 1.15, suggesting a strong ability to service debt, but it also faces challenges with a low Return on Capital Employed (ROCE) of 3.18% and a substantial profit decline of 69.9% over the past year, contributing to a negative sentiment around its long-term growth prospects.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.74% over the past week. While Z F Steering has shown a slight uptick in the short term, its longer-term performance remains concerning, with a 1-year return of -26.45% compared to the Sensex's modest decline of -0.24%. This underperformance, coupled with the lack of domestic mutual fund investment, indicates a lack of confidence in the stock's future potential. The overall market conditions have been challenging, and despite today's positive movement, the stock's historical performance and management efficiency issues suggest that investors remain cautious.